It’s a Good Time to Supply the Demand
Those of you who can remember your economics class in high school will be happy to know that the basic laws of supply and demand still apply to the real world, especially to the real estate market right now. The general slowdown in the market means that inventory, i.e. supply, is up, meaning that now is a great time to buy. This piece in the Tribune points out that buyers have a distinct bargaining advantage with both individual sellers and builders, and shouldn’t be afraid to leverage it. Sellers will be more flexible on their asking prices and builders will entertain more requests for additional upgrades if it means they can finally make a sale.
